Neringa Mickute and Nerijus Venckus purchase 16923 S. Mohican Drive, Lockport, appraised at $520,000

The home at 16923 S. Mohican Drive, Lockport was sold on March 27 by Stoxen (trust) for $520,000.

The buyers were Neringa Mickute and Nerijus Venckus.

The property tax paid for this property in 2022 was $10,794. This is 2.1% of the sale price of the home.

This property is one of 29 sales in Lockport (Will County) from Feb. 27 to March 27.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.